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September 22, 2016
CNBC:Stop beating up on Wells Fargo and John Stumpf
Consider the fact that the fake accounts generated $2.6 million in fees over a four-year period. That is a drop in the bucket (0.011 percent to be precise) compared to Wells Fargo's annual net income of $23 billion.
Sorry. The sarcastic beatings will continue until the
3 comments:
"There's never just one cockroach in the kitchen" - Warren Buffett
That said, they are too big to fail!
Maybe we should cut CNBC some slack. All they're doing is pointing out the old banking adage that a penny stolen is a penny earned.
Penny theft is less criminal than petty theft. And way more profitable!
If it's a penny for your thoughts and you put in your two cents worth, then someone, somewhere is making a penny. - Steven Wright
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